Current:Home > MyHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -ProfitLogic
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-22 01:47:01
Bernard “Bernie” Marcus, the billionaire co-founder of Home Depot who has been an ardent supporter of former President Donald Trump for years, has died, the chain announced Tuesday.
He was 95.
Marcus, whom Forbes has previously listed as the richest man in Georgia, became wealthy after he and Arthur Blank opened the first two Home Depot stores in 1979 in Atlanta. The hardware store chain defined by its orange theme has since grown to 2,300 locations in North America with nearly half-a-million employees.
In 2022, Marcus penned a memoir, “Kick Up Some Dust: Lessons on Thinking Big, Giving Back, and Doing It Yourself,” with a foreword by Pitbull that chronicles the building of the world’s largest home improvement retailer by the son of a cabinet maker who was fired at age 49.
Marcus was also a Republican party megadonor who has supported Trump's election bids since 2016, as well as Trump-backed candidates.
"Bernie was an inspiration in many ways. He was a master merchant and a genius with customer service," Home Depot said in a statement. "He loved our customers. He also loved the associates who made the company what it is today."
Businessman dies:Waffle House CEO Walt Ehmer dies at 58 after a long illness
Marcus founded Home Depot with Arthur Blank
Born in 1929 to Russian Jewish immigrants, Marcus grew up in a tenement of Newark, New Jersey, according to Home Depot.
After attending pharmacy school at Rutgers Universitiy, Marcus "worked his way up the corporate ladder" at various chains before becoming chairman and president of Handy Dan Improvement Centers in 1972, where he met Blank.
Marcus and Blank for years had a vision of a one-stop shop for do-it-yourself projects that was bigger than a traditional hardware store. And after they were fired in 1978 from Handy Dan, they secured financing from investment banker Ken Langone to make it happen.
The following year, the first Home Depot stores opened. Marcus was Home Depot’s CEO until 1997 and served as the company’s chairman until 2002 when he retired.
A lifetime of philanthropy
A longtime philanthropist, Marcus established several charitable organizations and gave to many causes throughout his life.
Jared Powers, CEO of the Marcus Jewish Community Center of Atlanta, called Marcus "a visionary philanthropist, devoted community leader, and beloved friend to our agency and the entire Jewish community" in a statement to USA TODAY.
"His legacy lives on in the spaces he helped create, the lives he impacted, and the community he strengthened," Powers said in the statement.
Another nonprofit named in his honor, the Marcus Foundation, will continue his legacy "with a focus on Jewish causes, children, medical research, free enterprise and the community," Home Depot said.
Bernie Marcus is longtime Trump, Republican backer
A longtime Republican, Marcus first supported Trump's election bid in 2016 before once again publicly endorsing the Republican while funding his 2020 reelection campaign.
In 2019, social media users called for a boycott of Home Depot following news that Marcus would be backing Trump's bid for a second term in the White House. The movement came after Marcus said in an interview with the Atlanta Journal-Constitution that while the then-president “sucks” at communication, his impact on employment and aggressive stances toward China and Iran had been positive.
Amid the backlash, Trump himself later came to Marcus' defense, calling him a "truly great, patriotic & charitable man" on Twitter, now X.
Home Depot itself has distanced itself from its co-founder's politics, issuing a statement at the time saying "as a standard practice, the company does not endorse Presidential candidates."
This article has been updated to add new information.
Contributing: Charisse Jones, USA TODAY
Eric Lagatta covers breaking and trending news for USA TODAY. Reach him at elagatta@gannett.com
veryGood! (9)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Trump’s attorney renews call for mistrial in defamation case brought by writer in sex-abuse case
- Kansas couple charged with collecting man’s retirement while keeping his body in their home 6 years
- Two British warships collided in a Middle East port. No one was injured but damaged was sustained
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Protests against Germany’s far right gain new momentum after report on meeting of extremists
- Murder charge is dropped against a 15-year-old for a high school football game shooting
- Family sues Atlanta cop, chief and city after officer used Taser on deacon who later died
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Lamar Jackson and Ravens pull away in the second half to beat Texans 34-10 and reach AFC title game
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- S&P 500 notches first record high in two years in tech-driven run
- Texas child only survivor of 100 mph head-on collision, police say
- You Won’t Believe J.Crew’s Valentine’s Day Jewelry Deals, up to 60% off Select Styles
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Ancient sword with possible Viking origins and a mysterious inscription found in Polish river
- Lamar Jackson has failed to find NFL playoff success. Can Ravens QB change the narrative?
- As the Northeast battles bitter winter weather, millions bask in warmer temps... and smiles
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
How Patrick Mahomes Scored the Perfect Teammate in Wife Brittany Mahomes
‘Access Hollywood’ tape of Trump won’t be shown to jury at defamation trial, lawyer says
Mahomes vs. Allen showdown highlights AFC divisional round matchup between Chiefs and Bills
Former Syrian official arrested in California who oversaw prison charged with torture
Owning cryptocurrency is like buying a Beanie Baby, Coinbase lawyer argues
Family sues Atlanta cop, chief and city after officer used Taser on deacon who later died
Score Up to 83% Off Smashbox, Burberry, Clinique, NuFace & More from QVC's Master Beauty Class